Bluebox Corporate Finance transitions to Employee Ownership

March 15, 2023

Bluebox Corporate Finance is delighted to announce the transition of its business to employee ownership via the sale of the company to an Employee Ownership Trust (EOT).  Paul Herman, Founder and CEO, shall remain at the helm in his current capacity, supported by a senior team who shall be increasingly responsible for driving the business and ongoing strategy. This deal represents a significant step forward in the company’s mission to empower its workforce, share rewards and scale in the years to come.


The Bluebox team represents the most valuable asset in the business and transitioning to employee ownership will not only promote a culture of ownership and accountability, but also ensure that financial rewards are enjoyed by both members of the current team and the talent that joins the company as we continue to grow.  Ongoing recruitment of the right talent is key and we always want to hear from those that believe they have something to offer.


Paul commented, “Having started Bluebox over ten years ago, I believe that the time was right for this transition. I am very fortunate to have been supported by such a talented team, not least Tracy and Jonathan, and it comes at a time where I wish to devote more of my time to supporting not for profit causes that I am passionate about such as the Young Entrepreneurs’ Academy as well as our very own investment business, Bluebox Capital. I am proud to transfer the ownership of Bluebox into my team’s very capable hands. After ten years of hard work culminating in the sale of almost 100 businesses, this transition is perfectly timed as we become an increasingly dominant force in the UK mid-market.”


The Bluebox Corporate Finance EOT (as the Employee Ownership Trust will be known), owns 100% of the company on behalf of the employees, and all employees will enjoy a stake in the company’s success after one year of service. The EOT will operate according to a set of principles to ensure that core values are upheld, including delivering an exceptional level of service to clients. There shall be no changes whatsoever to our ongoing operations and our focus on mid-market M&A will remain unchanged as will our conflict-free sector agnostic approach working with businesses valued between £5m and £150m.


Tracy Kingsnorth, COO, who has been with the business since inception commented:

“The last ten years have been such an exciting journey. For the team, this transition to employee ownership makes a significant difference. We will certainly be continuing with ‘business as usual’, but the EOT reinforces team culture and aligns the team in so many ways.”


Jonathan Rich, Managing Director added:

“Bluebox is busier than ever, and the EOT enhances our ability to both recruit and retain the exceptional talent. Our drive to continuously improve our service offering continues as we support a growing client base and we shall continue to deliver exceptional results for our clients and are excited to be moving forward into this new era on the back of an exceptionally busy past 24 months.”

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